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Rural Bank has announced an increase of 0.50% to its variable term lending and overdraft products, effective 24 June 2022

24 June 2022 |Interest rate announcement
Rural Bank has announced an increase of 0.50% to its variable term lending and overdraft products, effective 24 June 2022.

Chief Customer Officer, Richard Fennell said the Bank considered a range of factors when making this decision.

"We understand the rising cost of living will be a challenge for many Australian households. The increase to our rates announced today was considered carefully in the context of its impact on all of our stakeholders including our borrowers and savers."

As a specialist agricultural lender, Rural Bank assesses individual cases of hardship on a case-by-case basis. Any customer with questions regarding their circumstances is encouraged to contact their relationship manager directly. They can also call Rural Bank’s Customer Service Team on 1300 660 115 or visit their nearest branch.

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Bendigo and Adelaide Bank acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of this nation and the Traditional Custodians of the land where we live, learn and work. We pay our respects to Elders past and present as it is their knowledge and experience that holds the key to the success of future generations.

Rural Bank - A Division of Bendigo and Adelaide Bank Limited
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